The NIS2 Directive (Network and Information Security Directive 2) is the European Union’s regulation to improve cybersecurity across essential industries. It replaces the NIS1 Directive from 2016 and brings stricter rules to match today’s digital threats. NIS2 aims to make sure that key sectors, like energy, healthcare, finance, and digital services, are protected from cyberattacks and disruptions. Why NIS2 Matters …
The Carbon Border Adjustment Mechanism (CBAM) is a regulation from the European Union that puts a carbon price on certain imported goods. The goal is to make sure that products coming from outside the EU follow the same climate rules as products made inside the EU. By doing this, the EU wants to reduce global emissions, support fair competition, and …
The EU Taxonomy is an official classification system created by the European Union to define which economic activities are considered environmentally sustainable. It’s part of the EU’s plan to support green investments and fight climate change by giving clear, science-based guidance to companies, investors, and policymakers. Why the EU Taxonomy Matters The EU Taxonomy helps: Guide investments toward sustainable activities …
EFRAG is a non-profit organization that works in the public interest to work on how companies report financial and sustainability information. EFRAG was created in 2001 with support from the European Commission. Its members include experts from business, government, and civil society across Europe. What Does EFRAG Do? EFRAG works in two main areas: Financial Reporting EFRAG plays a key …
Double Materiality is the key assessment to comply with the Corporate Sustainability Reporting Directive (CSRD). It means companies must look at sustainability from two sides when analyzing which topics are material (relevant) for their report: Impact Materiality: How the company’s actions affect people and the environment (this is called the inside-out view). Financial Materiality: How environmental and social issues affect …
The European Sustainability Reporting Standards (ESRS) is a framework for companies to identify material topics they need to report on with the sustainability reporting in CSRD. These standards were developed by the EFRAG (European Financial Reporting Advisory Group), working on behalf of the European Union. If a company falls under the Corporate Sustainability Reporting Directive (CSRD), it must follow these …
The Corporate Carbon Footprint (CCF) measures the total amount of greenhouse gases (GHG) a company produces directly and indirectly over a specific period, usually one year. These emissions come from running facilities, using energy, transporting goods, as well as from suppliers and customers. Why does CCF Matter? The CCF is mandatory for sustainability disclosures for companies subject to the Corporate …
The Greenhouse Gas (GHG) Protocol Corporate Standard is the leading global standard for greenhouse gas accounting. It provides clear guidance for calculating and reporting emissions across three categories, known as Scopes 1, 2, and 3: Scope 1: Direct emissions from sources owned or controlled by the company, such as company vehicles or heating systems. Scope 2: Indirect emissions from purchased …
